Averaging down on a pennystock is a fool's play
in my opinion. All one accomplishes doing is exposing more capital to risk. If you 'need' to average down, then that simply means you were wrong the first time you bought. If you see the high starting to thin then fall, it's a good time to sell your position, and wait for the next opportunity.
You'll rarely hit the tops and bottoms, but that's also a fool's play endeavor :)
Korea and WG mean nothing to trades in this stock.
Point taken, but does that mean that WG and Korea don't mean anything? Moreover, if one's avg. is above the current PPS, shouldn't he/she play it longer to get over and/or out? Seems to me that one should avg. on the dips and sell on the peaks. I'm fairly new at investing, though, so above all I just don't put in any more than I can afford to lose.
Respectfully, s.
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